By using higher time frame i find way to be objective. Follow price from Pivot Point level to level, watching the PA at those levels and embrace the market sentiment. When you free yourself from emotional attachment you allow your unconscious to see what you know and understand rather than what you want to see. This is the difference between chasing price and following price. How dengerous to complicate your trading is the keys to forex success and having patience to wait for the best trade set up When you follow price you get the feeling of 'being...
Start with top down analysis and identify price levels of support and resistance on the higher time frames. Use these as references for trading time frame. I use weekly/daily to identify those SR level, and trade on 240m time frame. When trading intraday, incorporate S/R during current price action along with Fibs using static stops and targets. The confluence of all of these levels (including Weekly Pivot Points) tend to be good areas for profit targets. Once I place a trade, I usually just walk away, trusting my analysis and trade plan. Analysis...
thats basically a trading plan for anyone getting into pivots By using higher time frame i find way to be objective. Follow price from Pivot Point level to level, watching the PA at those levels and embrace the market sentiment. When you free yourself from emotional attachment you allow your unconscious to see what you know and understand rather than what you want to see. This is the difference between chasing price and following price. How dengerous to complicate your trading is the keys to forex success and having patience to wait for the best trade set up When you follow price you get the feeling of 'being...
Yes... GU down...
well done!!! R100 and beautifully executed!
{quote} Thanks Sifu Davit...
markets are going to be slow but there are some moves happening
but finally recovering beautifully 
not really a fan of long positions but i could only see one direction for GBP 
I am Short on UC @ R61. Reason.. TDI crossed down, with sharp angle.. From the chart, we can see that we have HH and HL... {image} and on the opposite, GU pair, TDI is crossed UP {image}
i was up 270+ pips on GU then broker TRADERSWAY just disconnected me it reconnected again at 195 pips but then it just hangs VERY pissed off ryt now !!!
{quote} That would piss me off too 007, I always use a smartphone as a backup - Get a simple data plan and install Mt4. That way you have a 2nd hardware and another data connection. My trade today EG (20 + 29) 2nd one still running. Cheers MR
{quote} yea man ... that's the thing......my internet connection was fine.... few other traders also using same broker had same issue...oh well...found re entry and moved on.
